Ex-Lone Pine, Goldman Execs.' Fund Up 16%

Jan 14 2014 | 1:21pm ET

One of 2012's biggest Asian hedge fund launches posted "respectable" returns in its first full year.

Tybourne Capital Management was up 16.04% last year, The Wall Street Journal reports, better than the average hedge fund both globally and in the Asia-Pacific region, but far behind the broader markets. That led co-founder Eashwar Krishnan to describe the performance as "respectable" in a letter to investors.

Krishnan, Lone Pine Capital former Asia chief, and former Goldman Sachs capital introductions executive Tanvir Ghani, set up Tybourne in Hong Kong in the summer of 2012. The Asia-focused long/short equity strategy returned 5% in the second half of that year.

Krishnan told clients that he expects better things in 2014. He wrote that the fund has major exposure to "less fashionable markets in Asia," including Southeast Asia and China. "The underperformance and relative valuation discounts in developing Asia vis-à-vis developed markets are approaching levels that we believe are very compelling."


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...

 

FINalternatives Trending

From the current issue of